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Daily Mirror
Daily Mirror
Business
Levi Winchester

Bank of England steps in to calm markets AGAIN as Therese Coffey insists pensions are safe

Bank of England United States US Dollar United Kingdom

The Bank of England has stepped in again to calm markets this morning as it warned of "a material risk to UK financial stability".

The central bank said it will widen the range of bonds it will buy to help "restore orderly market conditions".

It comes amid concerns over another "fire sale" of Government bonds - or gilts - despite Chancellor Kwasi Kwarteng bringing forward his new fiscal plan and independent economic forecasts to October 31.

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